Summary
DEUTSCHE POST, owner of the DHL courier business, is expected to launch a Pounds 3.6 billion bid for logistics firm Exel as early as tomorrow, ending months of speculation about a takeover.
The German postal giant, which is being advised by investment bank Morgan Stanley, is expected to bid not less than 1220p per share. On Friday, Exel's shares jumped 17p in anticipation of the bid and ended the day at 1228p.See the full content of this document
Extract
Deutsche Bid for Exel Is Imminent
Takeover rumours have swirled around Exel for months, but Deutsche Post made a formal appr...
See the full content of this document
Sponsored links
